Ouch, never pleasant
I believe they had some off take agreements in place as well
With the 4.4m lb pa capacity & off take agreements no longer looking to be filled by their mine, leaves a few matters for the market to further consider.
Had to go looking for this as not one I hold.
https://www.mining-journal.com/reso...estocks/1309610/berkeley-defies-uranium-gloom
As it stands, Berkeley has already locked up 2.75MIbpa of offtake for the first six years of production (with the option for another 1.25MIbpa). It has done so at circa-US$42/Ib - close to double the current spot price - and has plans to secure further offtake agreements at premium prices as the mine build progresses.
Good One to Listen, page-159
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